Patriot National, Inc. (NYSE:PN) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01.
On September25, 2017, Patriot National, Inc. (the “Company”) received a notification (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the NYSE’s continued listing standards set forth under Rule 802.01B of the NYSE Listed Company Manual because the average global market capitalization of the Company’s common stock was less than $50million over a consecutive 30 trading-day period while its last reported stockholders’ equity was less than $50million.
As a result of the Notice, the Company became subject to the suspension and delisting procedures set forth in Sections 801 and 802 of the NYSE Listed Company Manual.
| Item 3.01. | Financial Statements and Exhibits. |
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Exhibit No. |
Description |
| 99.1 | Press Release dated September29, 2017 |
Patriot National, Inc. ExhibitEX-99.1 2 d448212dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Patriot National Receives Continued Listing Standard Notice from the NYSE FORT LAUDERDALE,…To view the full exhibit click here
About Patriot National, Inc. (NYSE:PN)
Patriot National, Inc. is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks. The Company’s brokerage and policyholder services include general agency services and specialty underwriting and policyholder services provided to its insurance carrier clients. The Company’s claims administration services relate to the administration and resolution of workers’ compensation claims.
